types of transactions that allowed Syara’ based on human welfare‚ which allows the sale of something which does not exist at the time of sale. For this purpose‚ pillars and conditions Bai’ al-Salam will be discussed. Next‚ the paper will discuss Islamic financing through the concept of Bai’ al-Salam which are includes the financing of Bai’ al-Salam in mixed (hybrid)‚ products Bai’ al-Salam as working capital financing (working capital)‚ and financing Bai’ al-Salam in parallel (parallel Salam). Other
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About Eid Coming with the new moon‚ the festival marks the end of ’Ramadan’ - a month when Muslims fast throughout the day and eat only at night Prayers‚ feasts and family get- together are the major highlights of the eid ul fitr celebrations. It was during this month that the holy Koran was revealed. Eid means recurring happiness or festivity. Eid is celebrated in India with much enthusiasm and fervor and Muslims from all strata of life can be seen adorned in beautiful new clothes‚ visiting
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Secura Investment Management (India) Pvt. Ltd. is the company that handles the Secura India Real Estate Fund Scheme1 and Scheme2. Both real estate Investment schemes have been organized as the Secura India Real Estate Fund scheme. Secura had started scheme1 in late 2009 and the Scheme2 in 2012. Secura India Real Estate Fund Scheme2 has a fund size of Rs 50Crores. Secura India Real Estate Fund isVenture Capital investment is a system to institutionalize novel entrepreneurship. Venture Capital in India
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Islamic management model Abdus Sattar Abbasi National University of Modern Languages‚ Islamabad‚ Pakistan. Kashif Ur Rehman Iqra University‚ Islamabad‚ Pakistan. Amna Bibi University of Peshawar‚ Pakistan. Accepted 31 May‚ 2010 African Journal of Business Management Vol. 4(9)‚ pp. 1873-1882‚ 4 August‚ 2010 Available online at http://www.academicjournals.org/AJBM ISSN 1993-8233 ©2010 Academic Journals Full Length Research Paper Managing an organization is a skilful job. Today‚ globally
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13 | | Pewani Savings Account-i | 13 | INTRODUCTION The legal basic for the introduction of banking products along Islamic principles is the Islamic Banking Act 1983‚ which came into effect on 7 April 1983. The Islamic Banking Act provides the Central Bank with the power to supervise and regulate Islamic bank similar to the case of other licensed bank. The are 13 Islamic banking instruments that have been used in Malaysia. Included Al-Wadiah‚ Al-Mudharabah‚ Al-Musyarakah‚ Al-Bait Bithaman
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What Is Islamic Economics? INTRODUCTION In Islam man is khalifatullah fil ardh or the `vicegerent of Allah on earth’. What this means is that man as a representative of Allah is required to utilize the resources bestowed upon him as a trust by Allah in the most effective and efficient manner in accordance with the Islamic laws and regulations. In other words in Islam man’s existence comes with a purpose namely to serve and worship his Creator as depicted in the verse of the Quran ma khalaqtul
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ISIS is known as the Islamic state‚ they are a not just a group of crazy people but they are want to be recognized as a real state by the United Nations. To be a state‚ you need a controlled territory‚ people‚ and a form of laws. They have a controlled territory‚ people‚ and
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Journal of Business and Management Sciences Vol. 2 No. 10 [38-50] Analysis of Customer Satisfaction with the Islamic Banking Sector: Case of Brunei Darussalam Mohamed Sharif Bashir Imam Centre for Banking and Finance Al-Imam Muhammad Ibn Saud Islamic University Riyadh 11432‚ Kingdom of Saudi Arabia E-mail: mbelsharif@imamu.edu.sa. ABSTRACT During the last decade‚ the Islamic banking sector in Brunei Darussalam experienced remarkable and increasingly challenging development in the face
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eurojournals.com/JMIB.htm The Performance Analysis of Islamic and Conventional Banks: The Pakistan’s Perspective Mian Muhammad Ashraf M. Phil Scholar‚ Superior University of Lahore E-mail: Ashraf.iub@gmail.com Tel: 0092-300-7808066 Zia-ur-Rehman Lecturer‚ Hailey College of Commerce University of the Punjab‚ Lahore E-mail: Ziaurrehman_hailey@hotmail.com Abstract The intent of this endeavor is to compare and analyze performance of Islamic banking and conventional banking system through use of financial
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WP/12/151 What’s in It for Me? A Primer on Differences between Islamic and Conventional Finance in Malaysia Olga Krasicka and Sylwia Nowak © 2012 International Monetary Fund WP/12/151 IMF Working Paper Asia and Pacific Department What’s in It for Me? A Primer on Differences between Islamic and Conventional Finance in Malaysia Prepared by Olga Krasicka and Sylwia Nowak1 Authorized for distribution by Sanjaya Panth June 2012 This Working Paper should not be reported as representing the
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